Forex VPS
Link https://www.cryptoder.com/en
Forex VPS
ForexFunction Logo

"Forex trading involves a high level of risk"

Forex VPS
 Market Comments |  Technical Indicator Signals |  Cross Pair Rates |  Live Spread |  Live Charts |  Daily Pivot Points

EUR/JPY Hammer Formations Alerts Interim Upswings | April 3, 2019



Print PDF

The interim trend:  EURJPY  forms hammer and dragonfly doji pattern candles at 124.133 and 124.275 levels respectively on daily terms, and hammer at 124.601 level on monthly terms.



The formations of above-stated bullish patterns evidence the upswings on both timeframes amid the major downtrend. For now, more rallies are possible only on a decisive break-out above 21-DMA and the stiff resistance of 125.995 levels, strong support is seen at 123.648 levels. The bullish momentum confirmed by leading oscillators but trend indicators decisive.



The major trend analysis: We kept reiterating from the last couple of months on a broader perspective, the streaks of bearish patterns as you could observe in the circular area of monthly plotting plummeted the prices below EMAs, whereas hammer at 124.601 (as stated above) attempts to bounce back, but unlikely to drag as the prevailing rallies are restrained below 21-DMAs and EMAs.



While bearish swings are backed by both momentum & trend indicators, hence, the current price still remained below EMAs.



Trade tips: Ahead of eurozone service PMIs which is likely to produce improved data, on hedging grounds, contemplating above technical factors, we advocate initiating longs in EURJPY futures contracts of Apr’19 delivery as further upside risks are foreseen momentarily and simultaneously, shorts in futures of May month delivery for the major downtrend. Thereby, one can directionally position in their FX exposures. The directional implementation of the same trading theme by further allow for a correlation-induced discount in the options trading also if you choose strikes appropriately (spot reference: 125.195 levels).



Currency strength index: FxWirePro's hourly EUR spot index is inching towards 61 levels (which is bullish ), while hourly JPY spot index was at -142 (highly bearish ) while articulating (at 06:41 GMT ). These indices are also conducive for the above hedging set-up.



 



Submit Your Comments:

 Forex Trading VPS


FOREX FUNCTION MEMBERSHIP

FX PREMIUM SIGNAL & AUTOCOPY
Email & Twitter SMS Alert | Secured & Errorless Auto Copy | Support All Broker & Account Types | Premium eBooks, Analysis & Strategy | Custom Risk Management

Plan NameBuy LinkEmail AlertTwitter
SMS Alert
Signal Auto
Copier EA
Free VPS
(1-3 Months)
Monthly Target
(Minimum)
Price
(Montly)
Price
(Quarterly)
Price
(Semi-Annually )
Price
(Annually)
Setup
AUTO COPY Subscribe NowYes Yes Yes Yes*
(Min 3 Month Subscription)
500+ Pips $25 23$ 20$$15Via Live Support
SIGNAL ALERT Subscribe NowYes Yes No No 500+ Pips $14 12$ 9$$7No Need
CashBack View DetailsYes Yes Yes Yes 500+ PipsFree Free FreeFreeVia Support

FF FOREX VPS
Windows 2008/2012 | Server Location Amsterdam, France, Canada | Low Latency From Brokers| Super Fast Trading Experience | All types of EA supported | 3 Days Money Back Guarantee

Plan NameBuy Link CPU RAM Disk BandWidth Price (Montly)Price (Quarterly)Price (Semi-Annually )Price (Annually) InstallationBackUpSetup Fee
Economy buy now2 Core 756MB 15GB 1TB $6.50/M$6.20/M$5.90/M $5.50/M MT4 Pre-InstalledYesFree
Standard buy now 2 Core 1GB 25GB 1.5TB $8.50/M$8.20/M$7.90/M $7.50/M MT4 Pre-InstalledYesFree
Premiumbuy now 2 Core 2GB 40GB 2TB $16/M$15.50/M$15/M$14.50/M MT4 Pre-InstalledYesFree
Advanced buy now4 Core 3GB 60GB 2.5TB $26/M$25/M$24/M $22/M MT4 Pre-InstalledYesFree
Professionalbuy now 4 Core 4GB 80GB 3TB $33/M $32/M$31/M$29/MMT4 Pre-InstalledYesFree
Business buy now 4 Core 6GB 100GB 4TB$46/M $45/M$44/M$42/MMT4 Pre-InstalledYesFree
Platinum buy now 4 Core 8GB 120GB 6TB $59/M $58/M$57/M$55/M MT4 Pre-InstalledYesFree
Diamond buy now 4 Core 12GB 180GB 8TB $89/M $87/M$85/M$81/MMT4 Pre-InstalledYesFree

***We accept Neteller, Skrill, MasterCard, Paypal, Payza, Perfect Money, Webmoney !